Federal Bank Q4 net spurs 70 pc, dividend at 35 pc

Mumbai, May 19 (UNI) Federal Bank Ltd has posted a net profit of Rs 50.73 crore for the quarter ended March 31, 2006 as compared to Rs 29.86 crore for the quarter ended March 31, 2005, an increase of 69.89 per cent.

Announcing the results, the Bank said its total income has increased from Rs 347.95 crore in Q4 FY 04-05 to Rs 460.04 crore for Q4 FY 05-06.

It has posted a net profit of Rs 225.21 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 90.09 crore for the year ended March 31, 2005 (FY 04-05). Total Income has increased from Rs 1403.01 crore in FY 04-05 to Rs 1653.48 crore for FY 05-06.

As per the Consolidated results, the Group has posted a net profit of Rs 225.19 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 90.15 crore for the year ended March 31, 2005 (FY 04-05). Total Income has increased from Rs 1403.05 crore in FY 04-05 to Rs 1653.48 crore for FY 05-06.

The Board has recommended a dividend of 35 per cent on equity shares.

UNI SN PM NV1609